Afcons Lowest Bidder For 677.07 Million European Railway Project

14 May 2026 CW Team

The scope of work includes reconstruction of the existing railway track and the construction of a second line, together with overhead electrification, signalling and telecommunication works. The contract requires integrated civil, electrical and systems delivery across multiple disciplines, reflecting complex project management and engineering requirements. The work will involve coordination with local authorities and project stakeholders in the host European country.

Krishnamurthy Subramanian, executive chairman of Afcons Infrastructure, said that the milestone marked a significant step in the company's global journey and reflected its ability to deliver complex, large-scale infrastructure solutions across geographies. He added that the project demonstrated Afcons's contribution to the modernisation of a railway network in the European country and strengthened its position as a trusted partner in international infrastructure development.

Afcons Infrastructure, the flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group, has delivered projects including expressways, underground and elevated metros, railways, bridges, dams, irrigation systems, hydro schemes, water supply works, ports, breakwaters and oil and gas facilities around the world. The company's consolidated net profit declined 34.77 per cent to Rs 970.9 mn on a 7.33 per cent fall in revenue to Rs 29,757.7 mn in the third quarter of fiscal 2026 compared with the same quarter a year earlier.

Market reaction saw Afcons Infrastructure shares slip 3.92 per cent to Rs 327.40 on the BSE, reflecting investor appraisal of near-term financials alongside the strategic significance of the international order. The company indicated that the Europe contract would bolster its international portfolio and enhance its capability to pursue complex civil and systems projects overseas.

Afcons Infrastructure has been selected as the lowest bidder for a 677.07 million project to rehabilitate and construct a railway line in Europe, the company said. The award, valued at 677.07 million excluding taxes, is equivalent to approximately Rs 75,440 million and represents Afcons Infrastructure's largest international order to date. The company noted the contract underscores its long-term commitment to delivering world-class infrastructure projects globally. The scope of work includes reconstruction of the existing railway track and the construction of a second line, together with overhead electrification, signalling and telecommunication works. The contract requires integrated civil, electrical and systems delivery across multiple disciplines, reflecting complex project management and engineering requirements. The work will involve coordination with local authorities and project stakeholders in the host European country. Krishnamurthy Subramanian, executive chairman of Afcons Infrastructure, said that the milestone marked a significant step in the company's global journey and reflected its ability to deliver complex, large-scale infrastructure solutions across geographies. He added that the project demonstrated Afcons's contribution to the modernisation of a railway network in the European country and strengthened its position as a trusted partner in international infrastructure development. Afcons Infrastructure, the flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group, has delivered projects including expressways, underground and elevated metros, railways, bridges, dams, irrigation systems, hydro schemes, water supply works, ports, breakwaters and oil and gas facilities around the world. The company's consolidated net profit declined 34.77 per cent to Rs 970.9 mn on a 7.33 per cent fall in revenue to Rs 29,757.7 mn in the third quarter of fiscal 2026 compared with the same quarter a year earlier. Market reaction saw Afcons Infrastructure shares slip 3.92 per cent to Rs 327.40 on the BSE, reflecting investor appraisal of near-term financials alongside the strategic significance of the international order. The company indicated that the Europe contract would bolster its international portfolio and enhance its capability to pursue complex civil and systems projects overseas.

Infrastructure Urban

17 Jun 2026

Adani Project to Redevelop Dharavi and Unlock Major Value

The Adani-led Dharavi redevelopment is presented as one of Asia's largest urban renewal schemes and aims to convert the settlement into a smart city precinct and transport hub while rehabilitating 0.125 million (mn) housing units for more than 1.0 mn residents, according to an HSBC report summarising a panel at the Adani Annual Conference 2026. The report frames the initiative as combining large-scale housing provision with planned public amenities and commercial inventory to raise living standards and unlock formal homeownership. HSBC highlights a substantial commercial opportunity with about..

Infrastructure Urban

17 Jun 2026

TCS Renews 1.5 Million Sq Ft Chennai Lease Worth Rs 14,200 mn

Tata Consultancy Services (TCS) has renewed a lease for 1.5 million sq ft of office space in Chennai and committed Rs 14,200 million (mn) in rentals over 10 years. The transaction secures a major corporate footprint in the city and reinforces the company's long-term occupancy plans. The renewal aligns with the company's strategy to maintain substantial physical capacity in major regional hubs. The decision follows internal assessments of space utilisation and long-term operational needs.\n\nThe lease renewal covers a substantial campus area and is intended to support the firm's delivery operat..

Infrastructure Urban

17 Jun 2026

Embassy Developments Targets Rs 80 bn Pre Sales In FY27

Embassy Developments said it is targeting Rs 80 billion (Rs 80 bn) of pre-sales in 2026-27 as housing demand remains strong across major cities and the company seeks to capitalise on market momentum. The managing director indicated that the firm recorded a 128 per cent rise in sales bookings in 2025-26 to Rs 46.31 bn, which was slightly short of its annual guidance but reflected robust consumer interest. The company reported that demand is particularly resilient for well-designed and high-quality residential properties sold by branded developers with proven execution. The target includes sales..